How to Invest in DSP Floater Fund Direct Growth?

You can easily invest in DSP Floater Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for DSP Floater Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in DSP Floater Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does DSP Floater Fund Direct Growth provide?

The DSP Floater Fund Direct Growth has been there from 19 Mar 2021 and the average annual returns provided by this fund is 7.89% since its inception.

How much expense ratio is charged by DSP Floater Fund Direct Growth?

The term Expense Ratio used for DSP Floater Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of DSP Floater Fund Direct Growth is 0.22% as of 29 Nov 2023...

What is the AUM of DSP Floater Fund Direct Growth?

The AUM, short for Assets Under Management of DSP Floater Fund Direct Growth is ₹1,010.60Cr as of 29 Nov 2023.

How to Redeem DSP Floater Fund Direct Growth?

If you want to sell your DSP Floater Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of DSP Floater Fund Direct Growth?

You can select either SIP or Lumpsum investment of DSP Floater Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of DSP Floater Fund Direct Growth?

The NAV of DSP Floater Fund Direct Growth is ₹11.58 as of 28 Nov 2023.

What is the PE and PB ratio of DSP Floater Fund Direct Growth?

The PE ratio ratio of DSP Floater Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

DSP Floater Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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DSP Floater Fund Direct Growth
Debt
Floater
Moderate Risk
1M
6M
1Y
All
 NAV: 28 Nov 2023₹11.58
Min. SIP amount₹100
Rating2
Fund size₹1,010.60Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Floater
Absolute returns
3M6M1YAll
Fund returns1.6%3.7%7.9%15.7%
Category averageNANA7.1%NA
Rank with in category1263NA
Understand terms
Holdings (19)NameSectorInstrumentAssets
GOI
SovereignGOI Sec24.0%
GOI
SovereignGOI Sec10.4%
Reserve Bank of India
FinancialT-Bills9.8%
Axis Bank Ltd.
FinancialCD7.0%
HDFC Bank Ltd.
FinancialNCD5.3%
GOI
SovereignGOI Sec5.0%
GOI
SovereignGOI Sec5.0%
Maharashtra State
OthersSDL4.9%
Reserve Bank of India
FinancialT-Bills3.9%
GOI
SovereignGOI Sec2.9%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Floater
Pros
Cons
Exit load is zero
Low rating: 2
Lower expense ratio: 0.22%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
1Y annualised returns higher than category average by 0.79%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
24 Nov 2023 - Present
0.22%
23 Nov 2023 - 24 Nov 2023
0.22%
22 Nov 2023 - 23 Nov 2023
0.22%
21 Nov 2023 - 22 Nov 2023
0.22%
20 Nov 2023 - 21 Nov 2023
0.22%
17 Nov 2023 - 20 Nov 2023
0.22%
16 Nov 2023 - 17 Nov 2023
0.22%
15 Nov 2023 - 16 Nov 2023
0.22%
13 Nov 2023 - 15 Nov 2023
0.22%
10 Nov 2023 - 13 Nov 2023
0.22%
09 Nov 2023 - 10 Nov 2023
0.22%
08 Nov 2023 - 09 Nov 2023
0.22%
07 Nov 2023 - 08 Nov 2023
0.22%
06 Nov 2023 - 07 Nov 2023
0.22%
03 Nov 2023 - 06 Nov 2023
0.22%
02 Nov 2023 - 03 Nov 2023
0.22%
01 Nov 2023 - 02 Nov 2023
0.22%
31 Oct 2023 - 01 Nov 2023
0.22%
30 Oct 2023 - 31 Oct 2023
0.22%
27 Oct 2023 - 30 Oct 2023
0.22%
26 Oct 2023 - 27 Oct 2023
0.22%
25 Oct 2023 - 26 Oct 2023
0.22%
23 Oct 2023 - 25 Oct 2023
0.22%
20 Oct 2023 - 23 Oct 2023
0.22%
19 Oct 2023 - 20 Oct 2023
0.22%
18 Oct 2023 - 19 Oct 2023
0.22%
17 Oct 2023 - 18 Oct 2023
0.22%
16 Oct 2023 - 17 Oct 2023
0.22%
13 Oct 2023 - 16 Oct 2023
0.22%
12 Oct 2023 - 13 Oct 2023
0.22%
11 Oct 2023 - 12 Oct 2023
0.22%
10 Oct 2023 - 11 Oct 2023
0.22%
09 Oct 2023 - 10 Oct 2023
0.22%
06 Oct 2023 - 09 Oct 2023
0.22%
05 Oct 2023 - 06 Oct 2023
0.21%
04 Oct 2023 - 05 Oct 2023
0.21%
03 Oct 2023 - 04 Oct 2023
0.21%
30 Sep 2023 - 03 Oct 2023
0.21%
29 Sep 2023 - 30 Sep 2023
0.22%
27 Sep 2023 - 29 Sep 2023
0.22%
26 Sep 2023 - 27 Sep 2023
0.22%
25 Sep 2023 - 26 Sep 2023
0.22%
22 Sep 2023 - 25 Sep 2023
0.22%
21 Sep 2023 - 22 Sep 2023
0.22%
20 Sep 2023 - 21 Sep 2023
0.22%
18 Sep 2023 - 20 Sep 2023
0.22%
15 Sep 2023 - 18 Sep 2023
0.22%
14 Sep 2023 - 15 Sep 2023
0.22%
13 Sep 2023 - 14 Sep 2023
0.22%
12 Sep 2023 - 13 Sep 2023
0.22%
11 Sep 2023 - 12 Sep 2023
0.22%
08 Sep 2023 - 11 Sep 2023
0.22%
07 Sep 2023 - 08 Sep 2023
0.22%
06 Sep 2023 - 07 Sep 2023
0.22%
05 Sep 2023 - 06 Sep 2023
0.22%
04 Sep 2023 - 05 Sep 2023
0.22%
01 Sep 2023 - 04 Sep 2023
0.22%
31 Aug 2023 - 01 Sep 2023
0.22%
31 Jul 2023 - 31 Aug 2023
0.22%
30 Jun 2023 - 31 Jul 2023
0.22%
31 May 2023 - 30 Jun 2023
0.22%
30 Apr 2023 - 31 May 2023
0.22%
31 Mar 2023 - 30 Apr 2023
0.22%
28 Feb 2023 - 31 Mar 2023
0.24%
31 Jan 2023 - 28 Feb 2023
0.24%
31 Dec 2022 - 31 Jan 2023
0.25%
31 Dec 2022 - 31 Dec 2022
0.25%
30 Nov 2022 - 31 Dec 2022
0.25%
30 Nov 2022 - 30 Nov 2022
0.25%
30 Nov 2022 - 30 Nov 2022
0.25%
31 Oct 2022 - 30 Nov 2022
0.25%
31 Oct 2022 - 31 Oct 2022
0.25%
31 Oct 2022 - 31 Oct 2022
0.25%
31 Oct 2022 - 31 Oct 2022
0.25%
30 Sep 2022 - 31 Oct 2022
0.25%
30 Sep 2022 - 30 Sep 2022
0.25%
30 Sep 2022 - 30 Sep 2022
0.25%
31 Aug 2022 - 30 Sep 2022
0.25%
31 Aug 2022 - 31 Aug 2022
0.25%
31 Jul 2022 - 31 Aug 2022
0.25%
31 Jul 2022 - 31 Jul 2022
0.25%
30 Jun 2022 - 31 Jul 2022
0.26%
30 Jun 2022 - 30 Jun 2022
0.26%
31 May 2022 - 30 Jun 2022
0.26%
31 May 2022 - 31 May 2022
0.26%
30 Apr 2022 - 31 May 2022
0.26%
30 Apr 2022 - 30 Apr 2022
0.26%
31 Mar 2022 - 30 Apr 2022
0.26%
31 Mar 2022 - 31 Mar 2022
0.26%
28 Feb 2022 - 31 Mar 2022
0.26%
28 Feb 2022 - 28 Feb 2022
0.26%
31 Jan 2022 - 28 Feb 2022
0.27%
31 Dec 2021 - 31 Jan 2022
0.27%
30 Nov 2021 - 31 Dec 2021
0.27%
31 Oct 2021 - 30 Nov 2021
0.27%
30 Sep 2021 - 31 Oct 2021
0.27%
31 Aug 2021 - 30 Sep 2021
0.26%
31 Jul 2021 - 31 Aug 2021
0.26%
30 Jun 2021 - 31 Jul 2021
0.26%
31 May 2021 - 30 Jun 2021
0.26%
30 Apr 2021 - 31 May 2021
0.26%
31 Mar 2021 - 30 Apr 2021
0.26%
Expense ratio, exit load and taxExpense ratio: 0.22%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100
Fund managementKedar Karnik
Jul 2021 - Present
View details
Education
Mr. Karnik is a BE and has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies.
Experience
Prior to joining DSP Mutual Fund he was associated with Axis Asset Management. He has also worked with HSBC and CRISIL Ltd..
Also manages these schemes
DSP Regular Savings Fund Direct Growth
DSP Equity & Bond Direct Growth
DSP Savings Direct Plan Growth
DSP Liquidity Direct Growth
DSP Ultra Short Fund Direct Plan Growth
DSP US Flexible Equity Direct Plan Growth
DSP Global Allocation Fund Direct Growth
DSP 3 Years Close Ended Equity Fund Direct Growth
DSP Low Duration Fund Direct Growth
DSP Equity Savings Fund Direct Growth
DSP Arbitrage Fund Direct Growth
DSP Overnight Fund Direct Growth
DSP Floater Fund Direct Growth
DSP Global Innovation FoF Direct Growth
Shantanu Godambe
Jun 2023 - Present
View details
Also manages these schemes
DSP Government Securities Direct Plan Growth
DSP Strategic Bond Direct Plan Growth
DSP Banking & PSU Debt Fund Direct Growth
DSP 10Y G Sec Fund Direct Growth
DSP Floater Fund Direct Growth
DSP Nifty SDL Plus G Sec Jun 2028 30:70 Index Fund Direct Growth
DSP CRISIL SDL Plus G Sec Apr 2033 50:50 Index Fund Direct Growth
DSP Nifty SDL Plus G Sec Sep 2027 50:50 Index Fund Direct Growth
Fund house & investment objective
DSP Mutual Fund
Rank (total assets)#10 in India
Total AUM₹1,29,575.42Cr
Date of Incorporation16 Dec 1996
 DSP Floater Fund Direct Growth is a Debt Mutual Fund Scheme launched by DSP Mutual Fund. This scheme was made available to investors on 16 Dec 1996. Saurabh Bhatia is the Current Fund Manager of DSP Floater Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,29,575 Cr and the Latest NAV as of 28 Nov 2023 is ₹11.58.
The DSP Floater Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100.
;
Investment ObjectiveThe scheme seeks to generate regular income through investment predominantly in floating rate and fixed rate debt instruments (including money market instruments).
;
Fund benchmarkCRISIL Short-Term Bond Index
Scheme Information Document(SID)
Fund house contact details
Address
NATRAJ, Office No. 302-3rd Floor-Plot No. 194, MV Road JunctionWestern Express Highway,Andheri East Mumbai 400069
Phone
1800-208-4499 / 1800-200-4499
Launch Date
16 Dec 1996
E-mail
NA
Website
DSP Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
DSP Floater Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.6%	3.7%	7.9%	15.7%
Category average	NA	NA	7.1%	NA
Rank with in category	12	6	3	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	24.0%
GOI	Sovereign	GOI Sec	10.4%
Reserve Bank of India	Financial	T-Bills	9.8%
Axis Bank Ltd.	Financial	CD	7.0%
HDFC Bank Ltd.	Financial	NCD	5.3%
GOI	Sovereign	GOI Sec	5.0%
GOI	Sovereign	GOI Sec	5.0%
Maharashtra State	Others	SDL	4.9%
Reserve Bank of India	Financial	T-Bills	3.9%
GOI	Sovereign	GOI Sec	2.9%

Rank (total assets)	#10 in India
Total AUM	₹1,29,575.42Cr

Date of Incorporation	16 Dec 1996

Fund benchmark	CRISIL Short-Term Bond Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹100
Min. for 2nd investment onwards	₹100

Rating	2
Fund size	₹1,010.60Cr

DSP Floater Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (19)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.22%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Kedar KarnikJul 2021 - PresentView details

Shantanu GodambeJun 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Kedar Karnik
Jul 2021 - Present
View details

Shantanu Godambe
Jun 2023 - Present
View details